by David from Camp Lejeune, North Carolina USA
Refinancing advice for active duty Marine: Hi Kate, I am a Marine stationed in Camp Lejeune, NC with my wife Samantha. We bought our home while i was deployed last year for $86,000. However, there were several bills that got overlooked while I was deployed due to the temporary address change of my wife when she moved home while I deployed.
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Unfortunately, those overlooked bills did a number to my credit. My 30 year mortgage is a VA loan through a major lender. Would it be a good idea for me to refinance now to hopefully make my payment a little easier?
I got a letter in the mail advertising refinance for some sort of 3/1 hybrid rate as low as 3.875% due to the new stimulus bill. I have made improvements to my home and I am pretty sure I have equity built up. Just looking for suggestions. Thank you! David
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